environmental defense fund

Call for $5 Billion 'Down Payment' From BP

A coalition of three major environmental groups is requesting that BP immediately set aside this money in addition to the $20 billion it has already committed because that federal escrow fund is meant to pay for only economic damages.

Environmentalists Seek
$5 Billion from BP

Three leading environmental groups today urged the Obama administration to allocate a minimum of $5 billion of the proposed $20 billion BP escrow fund to restore the environment damaged by the explosion of the Deepwater Horizon rig, which triggered the worst oil spill in U.S. history.